Boston Trust Walden Corp Has $107.75 Million Holdings in SEI Investments (NASDAQ:SEIC)

Boston Trust Walden Corp lifted its position in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,306,329 shares of the asset manager's stock after purchasing an additional 20,020 shares during the quarter. Boston Trust Walden Corp owned 1.01% of SEI Investments worth $107,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in SEI Investments by 101.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager's stock worth $32,000 after acquiring an additional 232 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of SEI Investments by 925.9% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager's stock valued at $38,000 after purchasing an additional 500 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of SEI Investments in the 3rd quarter valued at approximately $45,000. Northwestern Mutual Wealth Management Co. grew its position in shares of SEI Investments by 16.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,197 shares of the asset manager's stock valued at $77,000 after purchasing an additional 168 shares during the period. Finally, Great Diamond Partners LLC acquired a new stake in SEI Investments during the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 70.59% of the company's stock.

SEI Investments Trading Down 0.1 %

Shares of NASDAQ SEIC traded down $0.06 during mid-day trading on Thursday, hitting $86.24. The company had a trading volume of 308,284 shares, compared to its average volume of 576,558. The firm has a 50-day simple moving average of $83.48 and a two-hundred day simple moving average of $75.32. The company has a market capitalization of $11.12 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.48 and a beta of 0.98. SEI Investments has a one year low of $62.38 and a one year high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. Sell-side analysts expect that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 22nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the asset manager to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

SEI Investments Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were given a dividend of $0.49 per share. This is a positive change from SEI Investments's previous semi-annual dividend of $0.46. This represents a yield of 1.1%. The ex-dividend date was Friday, December 27th. SEI Investments's dividend payout ratio is 22.17%.

Insider Buying and Selling at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 5,984 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $84.23, for a total value of $504,032.32. Following the completion of the sale, the chairman now directly owns 7,371,522 shares of the company's stock, valued at $620,903,298.06. This trade represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 171,194 shares of company stock worth $14,579,872 over the last quarter. 14.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SEIC. Oppenheimer upped their price target on shares of SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Raymond James raised shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Morgan Stanley upped their price objective on SEI Investments from $75.00 to $80.00 and gave the stock an "underweight" rating in a research report on Friday, January 3rd. Finally, Piper Sandler lifted their target price on SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $90.00.

About SEI Investments

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.